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Reducing the cost of electric vehicles

Electric Vehicles India

Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. Drop-in battery price will result in cost reduction of electric vehicles.

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EV components maker Matel raises USD 4 mn in funding – ET Auto

Baua Electric

A lot of the cost of ownership in EV comes from energy-consumption related issues… most of our R&D work is focused on improving the engine’s performance and efficiency across a large footprint of load to solve this,” he added. The firm also has a battery management system under development, Patro said. “A

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NITI Aayog bats for incentives for LNG-fuelled commercial vehicles – ET Auto

Baua Electric

Proposing a host of fiscal incentives, the Aayog called for reducing the value added tax (VAT) on sale of LNG to heavy duty vehicles to 5% and bringing the retail LNG price under the ambit of the 5% GST bracket. “It According to the Aayog, this scheme for GST reduction can be limited to the first 5,000 LNG trucks sold.

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Ineos drives towards hydrogen car future – ET Auto

Baua Electric

With governments pressuring the auto sector to go green, Ineos Automotive plans to launch an electric 4×4 in 2027, the Fusilier, to be sold alongside current diesel and petrol versions of the Grenadier. billion) a year on green infrastructure if in power.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

In this article, we’re going to show you how California residents can save over $15,000 on Tesla Model 3 and Model Y by taking advantage of available EV tax credits, rebates, and incentives. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

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Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car – ET Auto

Baua Electric

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

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Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO Bakshi – ET Auto

Baua Electric

The firm, he said, had turned profitable based on earnings before interest, taxes, depreciation and amortisation ( Ebitda ) in the fiscal year ended March 31, 2023. Electrification would drive down the cost of the ride-hailing business in the future, driving deeper penetration, Bakshi claimed.

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